Rockwell Automation to Acquire MagneMotion, a Leading Manufacturer of Intelligent Conveying Systems

10.2.2016 12:10 | Business Wire

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Rockwell Automation (NYSE: ROK) today announced that it has agreed to
purchase MagneMotion, a leading manufacturer of intelligent conveying
systems. MagneMotion systems are used across a broad range of industrial
applications including automotive and general assembly, packaging and
material handling. This acquisition will complement Rockwell
Automation’s iTRAK to create the broadest portfolio of independent cart
solutions in this emerging technology area.

“This acquisition continues our strategy to build a portfolio of smart
manufacturing technologies that brings next generation performance to
our customers today,” said Marco Wishart, vice president and general
manager of Rockwell Automation’s motion control business. “MagneMotion
expands our existing capabilities in independent cart technology. Our
recent acquisition of Jacobs Automation and its iTRAK technology is
complementary to MagneMotion’s portfolio. We see a future where the
transportation of products within the factory, whether inside of a
particular machine or between machines, will be fully controlled to
optimize the productivity and flexibility of the entire process.”

“This deal is the logical next step in the evolution of our business,
and a welcome development for MagneMotion,” said Todd Weber, president
and CEO of MagneMotion. “Rockwell Automation’s leading position in
plant-wide controls and industrial automation gives us the best
opportunity to introduce this technology to customers. As the market
continues to realize the benefits of applying independent cart
technology, Rockwell Automation’s global organization will be a
tremendous asset.”

MagneMotion, based in Devens, Mass., will be integrated into Rockwell
Automation’s motion business, within its Architecture & Software
segment. The acquisition is expected to close this quarter.

Rockwell
Automation Inc. (NYSE: ROK), the world’s largest company dedicated
to industrial automation and information, makes its customers more
productive and the world more sustainable. Headquartered in Milwaukee,
Wis., Rockwell Automation employs over 22,000 people serving customers
in more than 80 countries.